# US Renewable Fuels Tax Credits and Feedstock Values Rest on Election Outcome | Aegis Market Insights

> Aegis Market Insights says the value of the new 45Z clean fuel tax credit remains unclear, which is stalling renewable fuel investment. Credit value for low carbon-intensity feedstocks could fall to about $0.39 per gallon, with no credit for soybean and canola oil. Producers are cutting back feedstock purchases as the US prepares for a record soybean harvest.

- Date: 2024-11-04 · published 2024-11-04T12:00:00.000Z
- Category: policy · region US · magnitude high
- Page: https://feedsoft.ai/events/15169-us-renewable-fuels-tax-credits-and-feedstock-values-rest-on-election-outcome
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Lower credit values for soyoil and canola oil reduce biofuel feedstock demand just as a record crop is expected, pressuring soybean oil prices.

## Read by commodity

- SBO: bearish ▼
- SOY: bearish ▼
- CANMEAL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-12-20 | [EPA's 'Set Rule' Drives Volatility in Renewable Diesel Margins \| Aegis Market Insights](https://feedsoft.ai/events/15352-epa-s-set-rule-drives-volatility-in-renewable-diesel-margins-aegis-market.md) | +2.1% | -2.6% |
| SBO | 2023-02-07 | [Biofuels and feedstocks: Market outlook 2023 - Fastmarkets](https://feedsoft.ai/events/37419-biofuels-and-feedstocks-market-outlook-2023-fastmarkets.md) | +1.6% | +1.8% |
| SBO | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | -3.9% | -2.6% |
| SBO | 2023-06-30 | [Renewable Fuel Standard Final Rule – 2023, 2024, 2025: Increases Short of Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15301-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +7.8% | +12.3% |
| SBO | 2024-11-04 | [How a Harris or Trump US presidential win could shape the renewable fuel sector - Fastmarkets](https://feedsoft.ai/events/15165-how-a-harris-or-trump-us-presidential-win-could-shape-the-renewable-fuel-sector.md) | +5.2% | -6.9% |
| SOY | 2022-12-20 | [EPA's 'Set Rule' Drives Volatility in Renewable Diesel Margins \| Aegis Market Insights](https://feedsoft.ai/events/15352-epa-s-set-rule-drives-volatility-in-renewable-diesel-margins-aegis-market.md) | +1.5% | +3.7% |
| SOY | 2023-06-30 | [Renewable Fuel Standard Final Rule – 2023, 2024, 2025: Increases Short of Expectations \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15301-renewable-fuel-standard-final-rule-2023-2024-2025-increases-short-of.md) | +0.2% | +0.3% |
| SOY | 2024-11-04 | [How a Harris or Trump US presidential win could shape the renewable fuel sector - Fastmarkets](https://feedsoft.ai/events/15165-how-a-harris-or-trump-us-presidential-win-could-shape-the-renewable-fuel-sector.md) | +3.5% | +0.3% |

## Sources

- aegis-hedging.com: https://aegis-hedging.com/insights/us-renewable-fuels-tax-credits-and-feedstock-valuesrest-on-election-outcome

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.